Sept. 29 Webinar to Discuss Key Strategies for LIHTC Properties
Strategies for repositioning, marketing and foreclosure proceedings for Low Income Housing Tax Credit (LIHTC) properties will be discussed during the “Strategies for Troubled Assets Before and After the LIHTC Compliance Period” webinar, on Tuesday, Sept. 29 beginning at 2:00 p.m. EDT.
Panelists will answer questions, including”
- What’s the best strategy for repositioning in Year 15?
Once the initial compliance period ends, many owners have their first opportunity to sell the project. However, the owner must go through a process outlined by the State Allocating Agency to establish a qualified contract price.
Speakers will address extended use and qualified contract considerations for troubled asset owners.
- Are there smart marketing strategies for my property?
Participants will learn ways to market LIHTC properties that reduce vacancies and provide stable cash flow to the property.
- What if I can’t bring my property out of the red before the initial compliance period ends?
Speakers will discuss what happens to the LIHTCs if the property faces foreclosure proceedings and how to work with the lender, syndicator and investor.
The panelists include:
- Brian Carnahan, HCCP, director of the Ohio Housing Finance Agency’s Office of Program Compliance. Carnahan currently serves on the HCCP Board of Governors and the Board of the Midwest Affordable Housing Management Association.
- A.J. Johnson, HCCP, president of A.J. Johnson Consulting Services, Inc., a full service real estate consulting firm specializing in due diligence and asset management issues, with a particular emphasis on properties utilizing the Low Income Housing Tax Credit. Johnson served as a technical advisor to congressional staff during the drafting of both the Low-Income Housing Tax Credit Program and the Fair Housing Amendments Act of 1988.
- Oke Johnson, HCCP, vice president and senior asset manager for LEDIC Management Group. Johnson has more than 12 years experience in residential property management, specializing in properties with low-income housing tax credits.
- Michael Mosher, CPM, HCCP, regional principal at Orion Real Estate Services, Inc. Mosher honed his multifamily expertise as a regional manager, training director, management director and development officer for residential portfolios that included LIHTC, 80/20, Bond, FmHM 515 and Conventional A, B & C properties for single-family, garden, high-rise and mixed-use communities.
The webinar is hosted by the NAHB Housing Credit Group (HCG) and Housing Credit Certified Professional (HCCP) designation.
The webinar is free to active HCCPs and HCG members. The fee is $59 for NAHB members and $89 for non-members.
To register, visit www.nahb.org/HCGWebinar. Registration ends Friday, Sept. 25.